Posts Tagged ‘carbon budget’
The UK Chancellor Alistair Darling announced last week the world’s first carbon budget - pledging to slash UK emissions 34 per cent on 1990 levels by 2020 and announcing billions of pounds in fresh clean-tech investment to help ensure the new target is met.
Investment commitments include a new £750m fund for emerging technologies such as clean tech, £405m specifically for green manufacturing, an additional £435m for building energy efficiency initiatives, and £260m for skills development in industries with “strong future demand”. Darling added that £4bn in low carbon investment would also be provided by the European Investment Bank.
